From The Hollywood Reporter:
Craven, whose iconic Freddy Krueger character horrified viewers for years, died at his home in Los Angeles, his family announced. Survivors include his wife, producer and former Disney Studios vice president Iya Labunka.
Craven was a longtime summer resident of Martha’s Vineyard, where he moved permanently three years ago before returning to Los Angeles for work and health reasons.
Craven claimed to have gotten the idea for Elm Street when living next to a cemetery on a street of that name when growing up in the suburbs of Cleveland. The five Nightmare on Elm Street films were released from 1984-89.
Similarly, Craven's Scream series was a box-office sensation. In those scare-'em-ups, he spoofed the teen horror genre. The movies frequently referenced other horror movies.